5. Which of the following statements is false regarding fraud risk factors related to long-lived assets, tangible and intangible? a. A potential fraud scheme involves not removing sold assets from the books. b. Because long-lived assets are typically an audit area of low risk, auditors do not need to perform brainstorming activities related to long-lived assets. c. Management might use unreasonably long depreciable lives in an effort to reduce expenses. d. None of the above statements is false.

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Q: Which of the following factors creates an opportunity for fraud to be committed in an organization?

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